Steel News

India’s Supreme Court Clears Essar Acquisition

15 November 2019 - ArcelorMittal expects to soon plant a flag in India after the country’s Supreme Court paved the way for it complete its planned acquisition of Essar Steel India Ltd.

ArcelorMittal Begins Ilva Exit

14 November 2019 - ArcelorMittal has begun the effort to withdraw from its acquisition of Italy’s Ilva steel works, filing suit in a Milan court, reports the Italian news service ANSA.

Jingye Steel Enters Agreement to Buy British Steel

13 November 2019 - China’s Jingye Group has struck an agreement to acquire long steel manufacturer British Steel Ltd., ending months of uncertainty about its future.

Italian PM Promises to Block ArcelorMittal’s Ilva Exit

07 November 2019 - Italian Prime Minister Giuseppe Conte said he will not allow the world’s largest steelmaker to walk away from its agreement to acquire the country’s largest steel works and promised a vigorous court fight if it does.

Report: Chinese Steelmaker Closes in on Outline Agreement to Buy British Steel

07 November 2019 - China’s Jingye Group is said to be at the top of the list to buy the U.K.’s second largest steel producer and could strike a deal in the coming week, according to reports.

ArcelorMittal to Withdraw from Ilva Acquisition

06 November 2019 - ArcelorMittal has given notice that it will hand back the keys to Italian steelmaker Ilva after Italy’s parliament rescinded its legal protections from environmental prosecutions.

U. S. Steel Cements Stake in Big River Steel

06 November 2019 - United States Steel Corporation has finalized its 49.9% acquisition of Big River Steel, the company has announced.

Worthington Industries Acquires Cleveland Facility

08 October 2019 - Worthington Industries Acquires Cleveland Facility

Siemens Sells Stake in Primetals Technologies

03 October 2019 - Mitsubishi-Hitachi Metals Machinery is buying out its joint-venture partner in Primetals Technologies, the parent companies have announced.

U. S. Steel Announces Plan to Acquire Big River Steel

01 October 2019 - United States Steel Corporation is acquiring a stake in Arkansas-based Big River Steel for US$700 million in cash and will look to buy the rest of the business sometime in the next few years, the company announced Tuesday morning.

Timken to Acquire BEKA Lubrication

17 September 2019 - The Timken Co. has reached an agreement to acquire automatic lubrication systems manufacturer BEKA Lubrication for approximately US$165 million in cash and debt, Timken said on Monday.

Triple-S Steel Buys Shamrock Steel to Expand Customer Base

12 September 2019 - Houston-based structural steel supplier and fabricator Triple-S Steel Holdings Inc. has acquired the assets of Shamrock Steel Sales for an undisclosed amount.

O’Neal Industries Acquires Tubing Manufacturer

11 September 2019 - Service center operator and components maker O’Neal Industries Inc., has acquired the assets of a specialty tube maker for an undisclosed amount.

Alton Steel Transfers Ownership to Employee Stock Plan

28 August 2019 - Illinois-based bar manufacturer Alton Steel Inc. has been sold to its 50 full-time salaried employees by way of an employee stock ownership plan, the company has announced.

ArcelorMittal Acquires Canadian Scrapper

28 August 2019 - ArcelorMittal’s Canadian long products division is acquiring the assets of Quebec scrap recycler Legault Métal Inc. for an undisclosed amount.

thyssenkrupp Appeals Decision on Blocked Joint Venture

22 August 2019 - thyssenkrupp is challenging an EU decision to block the planned merger of its steelmaking unit with Tata Steel's European strip business.

Alabama Coke Plant Sold to Coal Mine Operator

08 August 2019 - Coal miner Bluestone Resources Inc. has acquired a 100-year-old Alabama merchant coke plant, saving a facility that was in danger of closing, it said in a statement.

Quaker Chemical, Houghton International Merger Finalized

08 August 2019 - Industrial fluids makers Quaker Chemical Corp. and Houghton International have completed their merger, forming a business with US$1.6 billion in revenue and 4,000 employees.

AIC Buys Long Products Equipment Maker

30 July 2019 - Italian automation and robotics firm Automazioni Industriali Capitanio (AIC) has acquired the assets of an Italy-based manufacturer of long products hot rolling machines.

Tata Steel Not Seeking Partner for European Mills

18 July 2019 - After seeing its European venture with thyssenkrupp collapse, Tata Steel had hinted that it might look for a new partner. But a new agreement is apparently not in the cards at the moment, reports Indian financial website moneycontrol.com.